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Results: Reliance Capital Q4 loss narrows to Rs 1,649 crore


Results: Reliance Capital Q4 loss narrows to Rs 1,649 crore
Pexels
Reliance Capital, a part of debt-ridden Anil Ambani-promoted Reliance Group, on Saturday reported narrowing of its consolidated net loss to Rs 1,649 crore in the fourth quarter ended March 2021.
The company had posted a net loss of Rs 2,179 crore in the January-March quarter of the last fiscal.
Total consolidated income rose to Rs 5,163 crore in the quarter from Rs 3,780 crore in the year-ago quarter, Reliance Capital said in a regulatory filing. Total expenses also rose to Rs 6,564 crore as against Rs 5,846 crore in the corresponding quarter of last year.
On a standalone basis, the company posted a loss of Rs 3,865 crore as against Rs 2,501 crore at the end of same quarter a year ago. ....

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Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far


Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far
Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far
IANSDec 22, 2020, 17:24 IST
BCCL
New Delhi, Reliance Capital s (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 60 bids being received.
SBI Life and Apollo are among the 10 new bidders who have submitted expressions of interest for Reliance Capital s assets, taking the total number of bids to 60.
December 1 was earlier the deadline for the submission of EOIs. Over 60 different bids have been received with SBI Capital Markets Limited and JM Financial Services Limited, the advisors to the lenders. Later the date for submitting the bids was extended to December 17. ....

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